With penetration of the short term support 3.62 yesterday, Capitaland traded as low as 3.57, a low not seen since January 2006, continuing its trend downwards.

Its chart looks very bearish in the short term with more lower lows expected. It is not the right time to enter long on it at the moment. Selling short has a higher probability of making profit than going long.

Short term resistance is kept at 4.20, next support at 3.40.